Lemonade Inc expected to post a loss of $1.03 a share - Earnings Preview

Reuters
2024-10-29
Lemonade Inc <lmnd.n> expected to post a loss of $1.03 a share - Earnings Preview </lmnd.n>
  • Lemonade Inc LMND.N, LMND.K is expected to show a rise in quarterly revenue when it reports results on October 30 for the period ending September 30 2024

  • The New York City-based company is expected to report a 12.8% increase in revenue to $129.163 million from $114.5 million a year ago, according to the mean estimate from 8 analysts, based on LSEG data.The company's guidance on July 30 2024, for the period ended September 30, was for revenue between $124.00 million and $126.00 million.

  • ​LSEG's mean analyst estimate for Lemonade Inc is for a loss of $1.03 per share.

  • The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 1 "strong buy" or "buy," 6 "hold" and 3 "sell" or "strong sell."

  • The mean earnings estimate of analysts was unchanged in the last three months. ​

  • Wall Street's median 12-month price target for Lemonade Inc is 17.50​, below​ its last closing price of $18.64. ​​​

The company's guidance on July 30 2024 for the period ended September 30 was for Earnings before Interest, Taxes, Depreciation and Amortization of between 124 million and -56 million $(USD)$.The company's guidance on July 30 2024 for the period ended September 30 was for Capital Expenditures of USD3 million.

Previous quarterly performance (using preferred earnings measure in US dollars). ​

QUARTER ENDING

STARMINESMARTESTIMATE®

LSEG IBES ESTIMATE

ACTUAL

BEAT, MET, MISSED

SURPRISE %

Jun. 30 2024

-0.89

-0.88

-0.81

Beat

7.8

Mar. 31 2024

-0.79

-0.79

-0.67

Beat

15.7

Dec. 31 2023

-0.79

-0.80

-0.61

Beat

23.6​

Sep. 30 2023

-0.94

-0.94

-0.88

Beat

6.8

​​Jun. 30 2023

-1.03

-1.03

-0.97

Beat

5.5

Mar. 31 2023

-1.13

-1.13

-0.95

Beat

16.2​

Jan. 1 0001

-1.21

-1.20

-0.93

Beat

22.3

Jan. 1 0001

-1.28

-1.32

-1.37

Missed

-4.1

This summary was machine generated October 29 at 02:58 GMT. All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)

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